INTRODUCING | Singapore’s Second Largest Financial Services Firm Launches GOLDX, a Tokenized Physical Gold Fund
Singapore’s OCBC, the second largest banking and financial services corporations in Singapore by total assets, has launched a tokenized physical gold fund on the Ethereum and Solana blockchains as the bank deepens its push into blockchain-based financial products.
The fund, issued as the ‘GOLDX’ token, was developed in partnership with Lion Global Investors and digital asset exchange DigiFT, and provides investors with on-chain exposure to a physically backed gold portfolio.
The token is tied to the LionGlobal Singapore Physical Gold Fund, which held about $525 million in assets under management as of mid-April 2026, according to the companies.
OCBC said the product is aimed primarily at institutional investors, including
- banks,
- hedge funds and
- asset managers,
who can subscribe using either fiat currency or stablecoins, with tokens delivered directly to blockchain wallets.
The launch marks Southeast Asia’s first tokenized physical gold fund on a public blockchain reflecting growing demand for tokenized real-world assets as financial institutions seek to bridge traditional finance with decentralized finance infrastructure.
Tokenized real-world assets have expanded rapidly with their total value on public blockchains exceeding $29 billion in 2026, data from industry trackers shows.
OCBC said the initiative forms part of its broader strategy to integrate digital assets into mainstream financial services as competition intensifies among global banks exploring blockchain-based investment products.
As of end of 2024, OCBC total assets stood at ~$625.1 billion while operating a network of over 600 branches and offices globally with a heavy focus on
- Southeast Asia
- Greater China, and
- Malaysia
The firm has roughly 30, 000 employees and ranks among the ‘Big Three’ banks in Singapore alongside DBS and UOB.
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